Chang Hwa Commercial Bank (English: Chang Hwa Commercial Bank, Ltd.), referred to as Chang Hwa Bank (Chang Hwa Bank) and Zhang Yin (CHB), is one of the large commercial banks in Taiwan. It was founded on June 5, 1905 by Shishen in the central part of the Japanese occupation. It is one of the three commercial banks. It is named after the head office was first established in Changhua. The location is located in the current Changhua branch of Changhua Bank. However, due to the rapid development of Taichung, it gradually replaced Changhua's influence in central Taiwan. Therefore, the business department was moved to Taichung after 5 years of establishment. Changhua Bank is also one of the "eight major bank" in Taiwan.

Due to operational problems in the 2000s, in the second financial reform, private capital rescue was introduced, and Taixin Financial Holdings obtained the largest single equity. However, the problem of government and private shares competing for the right to operate gradually arose. It was not until August 2022 that Taixin Financial Holdings and the Ministry of Finance reached a consensus to resolve the dispute. Taixin Financial Holdings withdrew the lawsuit against the Ministry of Finance for "confirming the existence of the contractual relationship between the management rights of Zhangyin", and has significantly reduced the shareholding of Zhangyin. On June 16, 2023, the shareholders' regular meeting completed the re-election of directors. The list of directors nominated by the public share camp was fully nominated, which also means that Taixin Gold will fully withdraw from the board of directors of Zhangyin, officially ending the 18-year battle over the management rights.

The earliest bank raised by the Taiwanese

In the Qing Dynasty, the phenomenon of one field and two masters in the Changhua area was serious. In order to clean up the lease rights during the Japanese occupation, the Japanese government paid a huge amount of public debt. In Meiji 38 (1905), the local gentry of central Taiwan headed by Wu Ruxiang, in order to solve the public debt problem, and raised funds 220,000 yen as a capital organization to establish "Changhua Bank Co., Ltd.", headquartered in Changhua Hall. At that time, Gu Xianrong, a famous person in Lugang, was also selected as the monitor. It was the first bank established by the Taiwanese to raise funds by themselves. In 1910, the head office of Zhangyin moved to Taichung Hall. In 1936, the new head office (now the head office in Taichung) was completed in September 1938. It was designed by Haofu Shirakura and Kisaburo Hatayama. It is a classical building.

After the war, it was reorganized into Changhua Commercial Bank

On October 16, 1946 after World War II, Zhangyin established the "Changhua Commercial Bank Preparatory Office", with Lin Xian-tang, the then head of the Lin family in Wufeng, serving as the preparatory director, and the National Government accepting the shares of the former Japanese shareholders of Zhangyin. In February 1947, Changhua Commercial Bank held its founding shareholders' meeting, and the board of directors elected Lin Xian-tang as the chairperson; on March 1, Changhua Commercial Bank was officially restructured into Changhua Commercial Bank, with a total capital of 100 million Taiwan dollars; at this point, Changhua Silver became a provincial bank with joint shares between the government and the people.

In 1948, a baseball team was established, and together with five other bank baseball teams, it played an important "bank guild game" in Taiwan's early baseball history (also known as the Six Banks Baseball Game) until the team was disbanded in 1960.

The first bank in Taiwan to list its shares

In February 1950, the total capital of Changhua Silver was adjusted to NT $2 million. On February 15, 1962, Zhang Yin became the first bank in Taiwan to list its shares

Privatization of public enterprises

In December 1997, the Taiwan provincial government publicly solicited its holdings of Zhang Yin common shares to implement the privatization policy of public enterprises. On January 1, 1998, Zhang Yin's official shareholding was reduced to less than 50%, achieving nominal privatization; on December 21 of the same year, the government of the Republic of China implemented the Ministry of Finance, and the representative of Zhang Yin official shares was changed from the Taiwan provincial government to the Ministry of Finance, but it was still operated by members of the Wufeng Lin family. After the province was refined, the main units and management cadres of Zhangyin were moved to the Taipei branch located in the second section of Zhongshan North Road in Taipei City, which is now the Taipei head office; the original Taichung head office was still the location of the company's registration

The dispute over the right to operate Taixin Zhangyin

• On October 3, 2005, the government of the Republic of China initiated a capital increase in order to solve the problem of bad debts in Zhangyin. Therefore, Taixin Financial Holdings purchased 22.5% of the equity of Zhangyin and became the largest single shareholder of Zhangyin, which also became the beginning of the Taixin Zhangyin case. Since then, Taixin Financial Holdings has been promoting the merger of its Taixin Bank and Zhangyin. In December 2014, the Ministry of Finance solicited the support of minority shareholders and obtained 4 and 2 seats in each of the 6 general directors and 3 independent directors when the directors were re-elected at the temporary shareholders' meeting, regaining the right to operate Changhua Bank.
• At the end of 2014, Zhangyin re-elected directors, but Taixin Financial Holdings only obtained 2 ordinary director seats. According to the "Financial Holding Company Law", Zhangyin could no longer be listed as a subsidiary of Taixin Financial Holdings. Taixin Financial Holdings lost the right to operate Zhangyin, resulting in heavy losses. Afterwards, Taixin Financial Holdings filed a complaint against the Ministry of Finance, which had retrieved the right to operate, according to the law, that is, the Taixin Zhangyin case.
• In June 2021, Taishin Financial Holdings announced that it would liquidate 22.5% of Zhangyin's shareholding, and the merger and acquisition of Prudential Life Insurance was approved by the Financial Regulatory Commission at the same time; in August 2022, Taishin Financial Holdings withdrew its lawsuit against the Ministry of Finance, and the Taishin Zhangyin case officially ended.

In response to the new southbound, overseas layout

• Since 2017, in response to the new southbound policy, Zhangyin has successively established a Yangon office in Myanmar and a branch in Manila, Philippines
• In November 2018, Tu Hongyao, deputy general manager of Zhangyin, said that the board of directors has approved the addition of a Houston branch, which will be sent to the Financial Regulatory Commission for review.

The first publicly-owned bank opened in the Chinese mainland

In December 2018, in order to expand the financial business of the Chinese mainland, Zhangyin applied to restructure the Chinese mainland branch in Nanjing into a wholly foreign-owned bank "Zhangyin Commercial Bank" and its branches, and add a Nanjing branch under its jurisdiction. The operating bases of the Chinese mainland subsidiary include Kunshan, Dongguan, Fuzhou, Nanjing Branch and Kunshan Huaqiao Sub-branch, with a total of four branches and one sub-branch. The operating capital base of Zhangyin Chinese mainland branch is 2.50 billion yuan, which is transferred to the share capital of the Chinese mainland subsidiary.

Fraud case

• At the end of 2005, the case of Zhangyin money collection broke out.
• In 2014, the case of Zhangyin theft and the case of Zhangyin loan fraud broke out.
• In 2018, the head of the Dongguan branch that was exposed cooperated with the price evaluation company "Jinzhi Evaluation" many times to collect kickbacks; he was fined RMB 300,000 by the China Banking and Insurance Regulatory Commission and NT 3 million by the Financial Regulatory Commission of the Republic of China.

Cultural Assets

• The old head office of Changhua Bank: Taichung City Historic Site. Built in 1938, it is located at No. 38, Section 2, Liberty Road, Central District, Taichung City (Section 1 of Taiwan Avenue and Liberty Intersection); after Changhua Bank moved most of its headquarters to Taipei, only the sales department and company were registered here.
• Changhua Bank Jiguang Street Dormitory: A historic site in Taichung City. Built in 1935, it is located at No. 9, Jiguang Street, West District, Taichung City. During the Japanese occupation, it was a meeting place for Changhua Bank to entertain political and business celebrities. After the war, it was also the place where Xie Dongmin, Speaker of the Taiwan Provincial Assembly, entertained former Japanese dignitaries.
• Original Chen Ma Chamber of Commerce Honcheng Store: A historical building in Taipei City. Built in 1929, it was originally the Chenma Chamber of Commerce Honcheng Store. After the war, it became the first protest point of the February 28 Incident. After 1986, it was changed to Changhua Bank Taipei